Danish pension fund plans to back one offshore project a year

Anholt will be fully operational by the end of the year

Danish pension fund PensionDanmark is aiming to invest in at least one offshore wind farm per year, says chief executive Torben Möger Pedersen.

Pedersen says the fund is reallocating some of its investments in traditional bonds to infrastructure and renewable energy.

“We are looking to do a project once a year for the next five years,” says Pedersen. “There is a big demand for large-scale capital, so I think we will be able to fulfil this ambition.”

The fund aims to invest 10% of its total allocations in infrastructure and renewable energy, with most money directed into offshore wind farms. The fund has about 622,000 members paying premiums worth €1.4bn ($1.75bn) in 2011. It had assets Log in to read complete article.

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